Form 4: SYBT Director Acquires Common Stock and Holds SARs
Insider Transaction Report
Stock Yards Bancorp Director Edwin S. Saunier acquired 69 shares of common stock at $64.97 per share and holds Stock Appreciation Rights.
Summary
- Edwin S. Saunier, a Director of Stock Yards Bancorp, Inc. (SYBT), acquired 69 shares of common stock.
- The transaction occurred on November 19, 2025, with shares purchased at a price of $64.97 each.
- Following this acquisition, Mr. Saunier directly beneficially owns 6,156 shares of common stock.
- Additionally, Mr. Saunier indirectly beneficially owns 4,812 shares of common stock through a Trust Director Deferred Comp Plan.
- Mr. Saunier also holds 1,000 Stock Appreciation Rights (SARs) directly, with an exercise price of $47.17.
- These SARs became exercisable on July 20, 2022, and are set to expire on July 20, 2031.
Sentiment
Score: 7
Explanation: The acquisition of shares by a director is generally viewed as a positive signal, indicating confidence in the company's valuation and future performance. While the number of shares is small, it adds to the director's existing holdings.
Positives
- A director's acquisition of company stock can signal confidence in the company's future prospects.
- The acquisition of 69 shares at $64.97 per share increases the director's direct stake in the company.
Future Outlook
This filing does not contain forward-looking statements or guidance, as it is a report of past insider transactions.
Industry Context
Insider transactions, such as director stock acquisitions, are routinely monitored by investors as they can provide insights into management's perception of the company's value and future prospects within the financial services industry. While a small transaction, it aligns with ongoing insider activity reporting requirements.
Stakeholder Impact
- Shareholders may view the director's purchase as a positive indicator of management's belief in the company's value, potentially bolstering investor confidence.
Key Dates
| Date | Description |
|---|---|
| 07/20/2022 | Date Stock Appreciation Rights became exercisable. |
| 11/19/2025 | Date of common stock acquisition by Director Edwin S. Saunier. |
| 11/20/2025 | Date the Form 4 was signed by Power of Attorney. |
| 07/20/2031 | Expiration date of Stock Appreciation Rights. |
Keywords
Stock Yards Bancorp, SYBT, Insider Trading, Form 4, Director Stock Acquisition, Common Stock, Stock Appreciation Right, Edwin S. Saunier
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